employment figures

The 350,000 jobs created last year will be good for property
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Australian employment increased over 350,000 over the last year. Jobs confidence and employment security leads consumer confidence and that’s good for our economy and of course for our property markets. Employment increased by a seasonally adjusted 15,900 to a new high of 12,522,300 in May. Property analyst Pete Wargent commented:  That still wasn’t enough to…

Employment growth breaks a few records
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Employment increased by an estimated +17,500 in February to 12,480,500, with a huge swing back to full time jobs in this month’s figures reported by the ABS.  That makes it 17 consecutive gains for employment, a record stretch, with surveys elsewhere now putting business conditions at record highs. With estimates recently rebased this takes the…

Jobs explosion shatters forecasts
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Employment growth shattered expectations with an 11th consecutive monthly gain, tearing up by +54,200 in August, including another +40,100 surge in full-time employment. It’s a case of choose your favourite statistic here: more than quarter a million jobs created in six months would have to be one of the most impressive, while annual full-time employment…

Are foreigners taking our jobs?
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It’s been pointed out that most full time new jobs since the financial crisis have gone to overseas born workers. No doubting that this is absolutely true on a net basis.  A quick glance at the population pyramid explains part of the reason. Immigration policy encourages workers under the age of 30 to come to…

Some key employment statistics that will affect our property markets
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Here are some key employment statistics: Our capital cities now attract 81% of Australia’s job creation growth. This was about 60% ten years ago.  The forecast is for more jobs to be created in our capitals in coming years. There are sound reasons why. In addition, one in seven jobs are now located in a capital city,…

Here's where the new jobs are being created
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2016 slowdown First, the good news! Total employment increased to 12,093,400 in seasonally strong December, the highest number of employed persons in Australia’s history. After a blistering year for jobs growth in 2015 when more than 300,000 jobs were added, the last calendar year was considerably slower, with employment growth sagging to +89,2000 or +0.74…

Australian real unemployment 9.6% in June as new Government takes office
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The good news for the re-elected Turnbull Government is that June unemployment fell 1.1% to 9.6% – although this is still well above the current ABS figure for May 2016 (5.7%). However, according to Roy Morgan Research the rising levels of employment were led by an increase in part-time employment (3,951,000, up 208,000 from June 2015)…

Unemployment falls to 2.5 year low
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The ABS Labour Force release for March 2016 surprised by showing the unemployment rate falling to 5.7 per cent, fairly trouncing expectations to hit the lowest level seen since September 2013. We can’t even blame the sample rotation this time, as the incoming cohort had a greater propensity not to wok that the outgoing sample!…